The U.S. economy added fewer jobs than expected in November and the unemployment rate rose, dashing hopes that the recovery is gaining momentum.
The U.S. economy added far fewer jobs than expected in November while the
unemployment rate rose to 9.8%, the highest since April,
underlining continued weakness in the labor market. Evan Newmark, Dennis Berman, Steve Russolillo, Phil Izzo and Sudeep Reddy discuss.
Nonfarm payrolls rose by 39,000 last month as private-sector employers added only 50,000 jobs, the Labor Department said Friday. The jobless rate, obtained from a separate household survey, unexpectedly rose to 9.8%, the highest level since April. See more
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